India's retail credit growth moderated in the June quarter as financial institutions tightened the supply of credit, particularly on consumption-led products like credit cards, consumer durable loans, and personal loans, a report said on Monday. A TransUnion CIBIL Credit Market Indicator (CMI)1 report said that there was a "continued decline in new-to-credit (NTC) volumes, especially … Read more
Surana Solar is currently trading at upper limit of Rs. 46.49, up by 2.21 points or 4.99% from its previous closing of Rs. 44.28 on the BSE. The scrip opened at Rs. 46.01 and has touched a high and low of Rs. 46.49 and Rs. 45.90 respectively. So far 131313 shares were traded on the … Read more
As global capability centres (GCCs) continue to expand in India, their revenue growth is estimated to be 1-2 per cent higher than that of IT service providers (ISPs) in the next two-three years, compared to 3 per cent higher in the past few years, a report showed on Monday. New GCCs are opening at a … Read more
The real estate market is expected to play a pivotal role in the economic growth trajectory of India. It will potentially be a $10 trillion market by 2047, accounting for a 14-20 per cent share in the country’s GDP, according to a report on Monday. The interplay between real estate and India’s economic growth journey … Read more
India clocked record foodgrain production at 3,322.98 LMT (lakh metric tonnes) in the agriculture year 2023-24 — higher by 26.11 LMT than the production of foodgrains at 3,296.87 LMT achieved during agriculture year 2022-23, the Centre said on Wednesday. The foodgrain production saw a record increase due to good results with rice, wheat, and … Read more
HCL Technologies is currently trading at Rs. 1776.05, up by 0.10 points or 0.01% from its previous closing of Rs. 1775.95 on the BSE. The scrip opened at Rs. 1779.00 and has touched a high and low of Rs. 1781.45 and Rs. 1755.15 respectively. So far 106967 shares were traded on the counter. The BSE … Read more
The Employees' Provident Fund Organisation (EPFO) added 19.94 lakh net members in the month of July, marking the highest recorded increase since payroll data tracking began in April 2018, data from the Ministry of Labour and Employment showed on Monday. The EPFO added 10.52 lakh new members in July, a 2.66 per cent increase over … Read more
The FIIs as per Monday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 60832.45 crore against gross selling of Rs 45651.09 crore. Thus, FIIs stood as net buyers of Rs 15181.36 crore in equities. In the debt … Read more
The Indian hospitality industry has ramped up investments in greenfield hotel development, driven by the demand coming from tier 2 and 3 cities amid rising disposable incomes and overall economic growth. In the first half of this year, greenfield hotel investments in the country rebounded to pre-Covid levels, as per latest data from HVS Anarock. … Read more
The government on Monday said that the overall labour force participation rate (LFPR) in persons of age 15 years and above in India’s urban areas stood at 60.1 per cent in the July 2023-June 2024 period – a significant increase from 57.9 per cent in the July 2022-June 2023 period. The LFPR for females of … Read more